This is really great listening practice and its really funny too!
Like they say in the beginning, this is all in good fun! They're just joking around :D
Pros - Money on holidays and you can live with them until you're financially ready to move out!
Cons - You have to work your butt off all through school.
Pros - Pretty laid back when it comes to most things, you have more freedom to choose your life path.
Cons - You're pretty much on your own after college!